PFC (5/10/15)

CAT - I

CAT - II

CAT - IIII

CAT - IV

Category

QIB

Corporate

HNI

RETAIL

Bucket Size

70 cr

175 cr

175 cr

280 cr

10 yrs

7.11%

7.11%

7.11%

7.36%

15 yrs

7.27%

7.27%

7.27%

7.52%

20 yrs

7.35%

7.35%

7.35%

7.60%

Issuer

Power Finance Corporation Limited.

Type of instrument

Tax free bonds of face value of  Rs 1000 each, in the nature of secured, redeemable, non-convertible debentures, having benefits under

section 10(15)(iv)(h) of the Income Tax Act,

Nature of the instrument

Bonds in the nature of secured, redeemable, non-convertible debentures

Nature of Indebtedness and ranking/seniority

The claims of the Bondholders shall be superior to the claims of any unsecured creditors of the Company and subject to applicable statutory and/or regulatory requirements, rank pari passu inter se to the claims of other secured creditors of the Company having the same security.

Mode of the issue

Public issue.

Interest rate

See the section titled "Terms of the Issue – Payment of Interest on Bonds" of the Tranche I Prospectus

Step   up/   Step   down interest rates

See the section titled "Terms of the Issue - Interest" of the Tranche I Prospectus.

Interest type

Fixed.

Frequency   of   interest payment

Annual.

Day count basis

Actual/ actual.

Interest on  application money

See the section titled "Terms of the Issue – Interest on Application Amounts" of the Tranche I Prospectus

Default interest rate

As specified in Debenture Trust Deed.

Tenor

10 years, 15 years and 20 years from the Deemed Date of Allotment as set out in the Tranche I Prospectus.

Redemption Date

10 years, 15 years and 20 years from the Deemed Date of Allotment as set out in the Tranche I Prospectus.

Redemption Amount

Amount repayable on the Bonds, comprising the face value of the Bonds, together with coupon/interest accrued at the applicable coupon/interest rate for each Series of Bonds on the respective Redemption Dates or Maturity Dates.

Issue Price (in Rs.)

  Rs 1,000 per Bond.             

Discount at which security  is  issued  and the effective yield as a result of such discount.

Not applicable.

Put /Call

Not applicable.

Face value

Rs 1,000 per Bond.

Minimum    application size

5 Bonds (Rs.5,000) (individually or collectively, across all Series of Bonds) and in the multiple of One Bond (Rs1,000) thereafter.

Market   Lot/   Trading Lot

One Bond.

Pay-in date

Application Date. The entire Application Amount is payable on Application. See the section titled "Issue Procedure – Payment Instructions" of the Tranche I Prospectus.

Credit ratings

"[ICRA] AAA" by ICRA, "CRISIL AAA/ Stable" by CRISIL, "CARE AAA" by CARE

Listing

BSE.

Issue size

Rs.100 crores with an option to retain oversubscription upto Rs. 600 crores aggregating to total of up to Rs. 700 crores.

Option to retain oversubscription

Upto Rs.600 crores for issuance of additional Bonds aggregating to total of upto  Rs.700 crores.

Debenture Trustee

Milestone Trusteeship Services Private Limited.

Depositaries

NSDL and CDSL.

Registrar

Bigshare Services Private Limited

Security Cover

At least 100% of the outstanding Bonds at any point of time, alongwith interest thereon.

Trading

In dematerialised form only.

Issue opening date

October 5, 2015.

Issue closing date

October 9, 2015

**The Tranche I Issue shall remain open for subscription on Working Days from 10 a.m. to 5 p.m. during the period indicated above, except that the Tranche I Issue may close on such earlier date or extended date as may be decided by the Board or a duly constituted committee thereof. In the event of an early closure or extension of the Tranche I Issue, the Company shall ensure that notice of the same is provided to the prospective investors through an advertisement in a reputed daily national newspaper on or before such earlier or extended date of Issue closure. On the Tranche I Issue Closing Date Application Forms will be accepted only between 10 a.m. and 3 p.m. (Indian Standard Time) and uploaded until 5p.m. or such extended time as may be permitted by the BSE

Deemed date of Allotment

The date on which the Board of Directors/or any committee thereof approves the Allotment of the Bonds for Tranche I Issue or such date as may be determined by the Board of Directors/ or any committee thereof and notified to the Designated Stock Exchange. The actual Allotment of Bonds may take place on a date other than the Deemed Date of Allotment. All benefits relating to the Bonds including interest on Bonds shall be available to the Bondholders from the Deemed Date of Allotment

Lead Managers

A.K. Capital Services Limited, Edelweiss Financial Services Ltd, RR Investor Capital Services Pvt. Ltd, Karvy Investor Services Ltd.